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Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 5:35am On Mar 20, 2019
jaxxy:
Yes I know they are not as big bt there’s still smtn to learn from how structured they are and how they did it. Lagos has not gotten to a true mega city despite running a large economy. So much wastage and corruption along with the good ideas and intentions.
But the country was structured this way also in the past,why can't they return to a system that works.its same in Ghana, South Africa,United kingdom,kenya.its deliberate,to put the country in a reverse and get rewarded.
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 5:33am On Mar 20, 2019
jaxxy:
I will only agree on the electricity part. That was abit deliberate. Remember also obasanjo then was fighting another level of war with his deputy atiku. A huge distraction many don’t realize the dept and how he had to manage the economy and country while dealing with such an issue of an influential vice in a new democracy.
It may be sharing formula that must have caused the problem,the both don't mean well for Nigeria.what was he able to do properly.efcc?some countries have well organized ministry of corruption,ensuring daily protection of national wealth without favourtism, nepotism and selective justice.
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 5:28am On Mar 20, 2019
[quote author=jaxxy post=76812659]Even obasanjo at that time cud never find it easy to restructure the country. It’s not a one man show or call. There are many people and interests to contend with. I believe then he had to exhaust the present system for people to see if that can work or not b4 u embark on an unknown restructuring journey in this country. Now people are seeing more reasons for restructuring unlike b4. [/quote
He himself fought and maintained the unitary system ,he likes the powers that came with centralization,and all his policies was to ensure the status quo.jamb was used to destroyed the educational system in the west,he maintained it,if your hands are tied ,you could still do little things,he made sure everything goes down.NYsc is also useless, Integration is about marriage between people,learning languages and educational exchanges.everything is to bring the country down
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 5:19am On Mar 20, 2019
jaxxy:
U simply don’t like obasanjo I can see that bt pls acknowledge his brilliance where he showed sm cos we currently have one of the dullest Presidents in history since he left. I hear so much noise about ajaokuta for it not to have functioned in 40 years under different presidents means theirs more to it and need to be addressed differently or properly bt it’s not the only problem this country faces.

We need the best hands to lead the economy. I look at Dubai and see what they have done in a short time from oil revenue and we are here wasting away. We need drastic action and policies to move ahead.
United Arab Emirates is a structured country of about 9million people oraround 9.3million .An organized system and structure brings result. seven emirates consisting of Abu Dhabi which serves as the capital, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Each emirate is governed by a ruler; together, they jointly form the Federal Supreme Council. One of the rulers serves as the President of the United Arab Emirates.
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 5:10am On Mar 20, 2019
jaxxy:
Lol and buahri is what then? After sending us to recession. Obj had a weakness he liked to control it all cos he always felt he knew better and he probably did bt nobody really knows it all. I believe he meant well each time. All the things u mentioned were the failed privatization adventure they hurriedly embarked on and it collapsed due to poor execution amongst others things like inexperienced And poor knowledge in privatization and sm greed. However it wasn’t done to kill the economy but relieve sm burden from government while making money for government by its sales bt they miscalculated like I said.

Nobody talks about how he brought in technocrats like NOI and Cleared most of our debts or sustaina the economy or the policy he revolutionized, like pension schemes, EFCC and many more. We just look at the failed privatization only. Not exactly fair
How can you be talking of inexperience ,when they have experts ,it all deliberate act,the electricity problem is a deliberate act , ajaokuta is deliberate act.
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 5:05am On Mar 20, 2019
jaxxy:
Lol and buahri is what then? After sending us to recession. Obj had a weakness he liked to control it all cos he always felt he knew better and he probably did bt nobody really knows it all. I believe he meant well each time. All the things u mentioned were the failed privatization adventure they hurriedly embarked on and it collapsed due to poor execution amongst others things like inexperienced And poor knowledge in privatization and sm greed. However it wasn’t done to kill the economy but relieve sm burden from government while making money for government by its sales bt they miscalculated like I said.

Nobody talks about how he brought in technocrats like NOI and Cleared most of our debts or sustaina the economy or the policy he revolutionized, like pension schemes, EFCC and many more. We just look at the failed privatization only. Not exactly fair
Centralization of power will normally affect output in government.he maintained the system ,and ensured hausa fulani oppression of the others,at the work place.unification of all assets belonging to western Nigeria and naming them Nigerian assets.
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 4:58am On Mar 20, 2019
jaxxy:
Lol and buahri is what then? After sending us to recession. Obj had a weakness he liked to control it all cos he always felt he knew better and he probably did bt nobody really knows it all. I believe he meant well each time. All the things u mentioned were the failed privatization adventure they hurriedly embarked on and it collapsed due to poor execution amongst others things like inexperienced And poor knowledge in privatization and sm greed. However it wasn’t done to kill the economy but relieve sm burden from government while making money for government by its sales bt they miscalculated like I said.

Nobody talks about how he brought in technocrats like NOI and Cleared most of our debts or sustaina the economy or the policy he revolutionized, like pension schemes, EFCC and many more. We just look at the failed privatization only. Not exactly fair
He was an hitman that made sure we has a country remained a thirdworld country.you call transfering huge sums to westerners at once debt payment.Are we not back to the same spot.it was a deal to enrich his master's and also make money.ajaokuta has not functioned for more than 40years.i have been hearing about that place since I was young.it was all deliberate act.systems help to organize society,he refused to restructure the country because it helps in destruction agenda that fits his job of bringing everything down.he introduced the expensive system of presidential system in a developing and poor country, operation feed the nation etc.awolowo was the best candidate for the 79 election,he helped to rig him out and shagari lead us to another road .
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 11:54pm On Mar 19, 2019
jaxxy:
Obasanjo is the greatest president we probably ever had. Great can only recognize Great!
He was an economic hitman,and his mission was to actually destroy the social political and economic development of Nigeria.from electricity,to railway to ajaokuta ,to Nigeria airways,Nigerian shipping lines ,nothing must work or move
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 11:41pm On Mar 19, 2019
oforjide:
Bill clinton and george bush visited obasanjo under his civilian govt I don't believe it. From 1999 till this year I have never heard nor watched any american president in this country. Please op I need to be clarified tell me the year and the month or else you are telling lies
Bill Clinton came to Nigeria during obj
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 11:40pm On Mar 19, 2019
pcicero:
I didn't even care to read most of the dumb comments because most of them were still in diapers while OBJ ruled.

Hate him or like him, OBJ is by far the most nationalistic and charismatic leader Nigeria has ever had. He had his hubris like every other human, but he has always placed this country above every other primordial sentiments.

Apart form his botched third term agenda, the only other reason why my folks detest him was because of Lagos-Abeokuta expressway that he didn't fix.
He destroyed Nigeria ,he was an economic hitman
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 11:33pm On Mar 19, 2019
IgboTyphoon:
You just ranting off point. Again the debate is about high taxes vs low taxes which leads to bigger productivity
In production ,it is not only low taxes that will increase productivity.
Politics › Re: Why Is It That The Only Time Any USA President Visited Nigeria Was Obasanjo Era? by olas24u(f): 9:46pm On Mar 19, 2019
Gazzy88:
What of 1978?
The presidential system was in 1979.He sold the country during that period.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 9:09pm On Mar 19, 2019
PrecisionFx:
Ur arguments remain daft
I know ,does ports are not even in igbo land.i don't know what is your business with ijaw land , ibibio land.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 7:43pm On Mar 19, 2019
PrecisionFx:
How does any stupid thing in this link mean that calabar, Onitsha, Onne n delta state seaports are functional?

Stop being daft.

If u have nothing to show, just shatap
Even with the data available infront of you!you are still not convinced.okay ,how many industries do you have in the southeast?you have few and it's not a profitable route even if you have a port.i know you will not be convinced,but ohin state has the highest number of industries together in one place at a time and it's more than all the industries you have in the southeast.so they pay more excise duties and customs duties.most cargoes arriving are going towards Southwest Nigeria ,because they are inputs into the production of finished goods.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 7:18pm On Mar 19, 2019
deomelo:
ipobs are generally ignorant and unintelligent.


Now you know




grin grin grin
Rigid !
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:36pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
You can do further reading and educate yourself and stop spitting ,check the link
http://nigerianports.gov.ng/ports-statistics/
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:35pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
This is the data for contianer traffic
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:31pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:29pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
Onne Port has one of the biggest harbour mobile cranes in Africa (Liebherr 600) with a lifting capacity of 208 metric tons and 220 Gmk5220 grove twin cranes that has capacity of lifting single heavy cargo of 300 tons owned by one of the Terminal Operators in the Port. Also, safe and comfortable hospitality facilities are available for Oil & Gas clientele at the Free Zone / Port Area.

The Port is on security level one (1) creating a safe, secure and customer friendly environment for everyone doing business here.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:29pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
The Port is highly industrialized with modern facilities and equipment that can stand the test of time. There is also adequate land available for development to all customers and prospective investors who desire to partner with the Port in the Maritime Business. The Port covers an area of 2,538.115 hectares.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:25pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
The Port accounts for over 65% of the export cargo through the Nigerian Sea Port. There are multiple operations that are carried out in the Port in addition to the Oil and Gas operations. Some of such multiple operations are General Cargoes, Bulk Cargoes (Dry & Wet), Oil Well Equipment, Containerized Cargoes and other Logistics Services provided to companies that are customers and tenants. Hence the Port is a multi-purpose Cargo Port
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:25pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
Strategically located, the Port is one of the largest Oil and Gas Free Zone in the world supporting exploration and production for Nigerian activities. The Free Zone provides a logistics Oil Service centre for the Oil and Gas Industry in Nigeria both Onshore and Offshore. It also provides easy access to the entire West African and Sub-Sahara Oil fields.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:24pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
Onne Port Complex situated on the Bonny River Estuary along Ogu Creek is the first port of its kind in Nigeria that operated the Landlord Port Model devised to encourage private sector participation in the Port Industry.

Strategically located, the Port is one of the largest Oil and Gas Free Zone in the world supporting exploration and production for Nigerian activities. The Free Zone provides a logistics Oil Service centre for the Oil and Gas Industry in Nigeria both Onshore and Offshore. It also provides easy access to the entire West African and Sub-Sahara Oil fields.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 4:22pm On Mar 19, 2019
PrecisionFx:
Pls explain to me how Onne seaport is functioning.
Onne sea port is the deepest sea port in Nigeria,but it is not attracting ships.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op):
BeautifulMind2:
Only reasonable place in Lagos is just Ikoyi, Lakki, VI and Banana Island other areas in Lagos are slumbs
You are ignorant and you dont even know lagos very well.It is lekki and not lakki,Lagos has 20 local government area with lcda,s ,each local government area has a GRA ,that is well planned and layed out and organized for 21 century living .Surulere,Ilupeju,Gbagada,Anthony,Shonibare ,G.Cappa ,GRA Ikeja,Opebi,Allen, Alausa,Omole ,ogudu GRA,MagodoGRA,Ikosi GRA,IKorodu GRA1,2, Ojota-ogudu.Yaba GRA,agege schemes etc
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 3:41pm On Mar 19, 2019
deomelo:
Of course.
That is wrong !the onne port is functioning ,the calabar port is also functioning but they are not able to compete with neigbouring ports in cameroun ,togo,tema ghana etc.
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 3:28pm On Mar 19, 2019
PrecisionFx:
There's nothing special in Lagos leading the pack, We have 6 seaports n river ports shutdown by FG in eastern Nigeria, once they are opened, Lagos igr will fall like old breast
Its a big lie!The ports are all functioning and have not been shut down.Have you been to those places to confirm you statements?i know you must have heard it from radio biafra .
Politics › Fg-may-increase-vat-to-pay-new-minimum-wage-budget-minister/ by olas24u(op): 3:13pm On Mar 19, 2019
EDITORIAL

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FG may increase VAT to pay new minimum wage – Budget minister
Published March 19, 2019
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Minister of Budget and National Planning, Senator Udo Udoma


Sunday Aborisade, Abuja

Minister of Budget and National Planning, Senator Udo Udoma, on Tuesday appeared before the Senate Committee on Finance and hinted that the Federal Government was considering, among others, an upward review of the Value Added Tax to enable it to fund the new national minimum wage.

Udoma also told the panel headed by Senator John Owan-Enoh that the Technical Advisory Committee on the minimum wage will submit its report to President Muhammadu Buhari this week.



He said, “The current minimum wage of N18,000 is really too low. It is difficult for workers to manage on that amount.

SEE ALSO: BREAKING: Senate approves N30,000 minimum wage

“The President supported a review, but it is important that as we are revising it, we should be able to fund it.

“It is in the light of this that we would be coming to you (Senate) because there may be the need to make some changes, especially the VAT, in order to fund the minimum wage once it is announced.”

He also said efforts were on, too, to ensure that capital projects and other sectors of the economy are adequately funded.


Source https://punchng.com/fg-may-increase-vat-to-pay-new-minimum-wage-budget-minister/?fbclid=IwAR26zTnfFfWCq6NqnXMVk8SyBJX4OVcymFiuIqPpqo6LAAVI2uvWRVnXC7c
Politics › Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 10:02am On Mar 19, 2019
ITbomb:
Once we finish Ibom Seaport, everything will change
Is that how things work?you have douala port in Cameroun with compete with, it will depend on how deep .
Travel › Re: Cargo Train Services From Lagos To Kaduna To Commence In April by olas24u(f): 11:08pm On Mar 18, 2019
Konquest:
^^^^^
^^^^^
Just for MORE clarity... Nigeria gets crude oil EXPORT money from
the list below:

1. Nigeria gets crude oil EXPORT money from the South of South States.
[The cardinal points do not have anything called South-South].

2. South-Western States of Ondo and Lagos. [Ondo state generates 3
times more crude oil especially offshore than what Imo and Abia produce
based on official annual production data].

3. Then the South-Eastern States of Imo and Abia.

4. Nigeria also generates income from VAT and other taxes from
Lagos State which accounts for over 50 percent of VAT and from
other parts of Nigeria.


More sources of income for Nigeria exist especially from the global
financial markets investments.

Hope this helps.
Abia oil fields are not profitable enough to attract serious investors.
Travel › Re: Cargo Train Services From Lagos To Kaduna To Commence In April by olas24u(f): 10:59pm On Mar 18, 2019
Konquest:
^^^^^
^^^^^
Just for MORE clarity... Nigeria gets crude oil EXPORT money from
the list below:

1. Nigeria gets crude oil EXPORT money from the South of South States.
[The cardinal points do not have anything called South-South].
Bonny island is the place that gives Nigeria money.

2. South-Western States of Ondo and Lagos. [Ondo state generates 3
times more crude oil especially offshore than what Imo and Abia produce
based on official annual production data].

3. Then the South-Eastern States of Imo and Abia.

4. Nigeria also generates income from VAT and other taxes from
Lagos State which accounts for over 50 percent of VAT and from
other parts of Nigeria.


More sources of income for Nigeria exist especially from the global
financial markets investments.

Hope this helps.
Politics › Lagos IGR rises by N32.99bn — higher than 33 states put together by olas24u(op): 10:31pm On Mar 18, 2019
The internally generated revenue (IGR) of Lagos state rose by approximately N33 billion from 2015 to 2016, beating 33 states put together.

According to a report by the Nigeria Extractive Industries Transparency Initiative (NEITI), the state recorded an IGR of N301.19 billion, a rise of N32.99 billion in one year.

The total IGR from 33 states of the federation, excluding Delta, Ogun and Rivers states, stood at N299 billion — over a billion less than Lagos IGR.

Delta, Ogun and Rivers raked in N44.89 billion, N56.30 billion and N82.10 billion respectively.

Like his predecessors, Bola Tinubu and Babatunde Fashola, Akinwunmi Ambode, governor of Lagos state, has at various times committed himself to the generation of IGR in the state.

The NEITI report, which reviewed disbursements from the Federation Account Allocation Committee (FAAC) for the fourth quarter of 2016, also showed that Lagos received N109 billion in 2016.

The agency lamented low revenue generation across 34 states, citing Lagos and Ogun as the only states generating more than what they get from the central.

“IGR is very low in most states and it is only in two states – Lagos and Ogun – that IGR is higher than FAAC allocations. The figure shows that total revenue by itself cannot fund states budgets,” it said.

NEITI said the three tiers of government shared N5.121 trillion through 2016 — a decline from 2015 figures.

“Total disbursements fell by 14.8% from N6.011 trillion for the year 2015 to N5.121 trillion for the 2016. In Q1 2016, total disbursements were N1.132 trillion as against N1.648 trillion in Q1 2015, a decline of 31.2% in Q1 2016,” NEITI said.

“Total disbursements fell by 26.9% from N1.241 trillion in Q2 2015 to N906 billion in Q2 2016. There was a further decline in Q3 when total disbursements dropped by 7.8% from N1.887 trillion in 2015 to N1.738 trillion 2016.

“However, total disbursements increased in Q4 by 8.8% from N1.233 trillion in 2015 to N1.343 trillion in 2016.”

The report revealed that “the federal government received a total of N2.08 trillion from the federation account in 2016, which represents a drop of 19.9% of the total N2.6 trillion received in 2015.”

The 2016 budget was for N6.06 trillion, implying that at N2.08 trillion, total FAAC disbursements were only 34.3 percent of the budget.

“Thus, the federal government would have to resort to even higher debts to fund the budget. The implication of this is that debt service payments, which accounted for 24.3% of the 2016 budget, would increase.”

https://www.thecable.ng/lagos-igr-rises-n32-99bn-higher-33-states-put-together/amp?fbclid=IwAR0g5IaGPocHXlXS4490jBDZXRjLb0MsFexbVbwNHy-rZgdhFrb7rkjcjUE

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